Cost of New Currency
COSTCURR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
893.00
Year-over-Year Change
37.38%
Date Range
1/1/1994 - 1/1/2023
Summary
The Cost of New Currency (COSTCURR) tracks the expenses associated with producing and distributing physical currency in the United States. This metric is crucial for understanding the operational costs of maintaining the nation's monetary system and evaluating the efficiency of currency production.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This economic indicator represents the total expenditure required by the U.S. Treasury to print, mint, and distribute new paper currency and coins. Economists analyze this trend to assess the financial efficiency of currency production and its potential impact on government spending.
Methodology
The data is collected and calculated by the U.S. Treasury Department, tracking direct production costs, material expenses, and distribution logistics for new currency.
Historical Context
Policymakers and financial analysts use this trend to evaluate monetary system efficiency and potential cost-saving strategies in currency production.
Key Facts
- Includes costs of paper, printing, and distribution of physical currency
- Reflects technological and material changes in currency production
- Provides insight into government monetary infrastructure expenses
FAQs
Q: What factors influence the cost of producing new currency?
A: Factors include raw material prices, printing technology, security features, and distribution logistics. Changes in these elements can significantly impact overall production costs.
Q: How often is new currency produced?
A: The U.S. Treasury continuously produces new currency to replace worn bills and meet economic demand. Replacement rates vary based on currency denomination and circulation patterns.
Q: How accurate is the COSTCURR data?
A: The data is collected directly by the U.S. Treasury and is considered highly reliable, providing a precise snapshot of currency production expenses.
Q: Why is tracking currency production costs important?
A: Monitoring these costs helps governments optimize monetary infrastructure, reduce unnecessary expenses, and maintain efficient currency management.
Q: How frequently is the COSTCURR data updated?
A: Typically, the data is updated annually, reflecting the most recent fiscal year's currency production expenses and methodological changes.
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Citation
U.S. Federal Reserve, Cost of New Currency [COSTCURR], retrieved from FRED.
Last Checked: 8/1/2025